Based on type, the FLIR & laser designator pods segment is estimated to lead the targeting pods market during the forecast period

Targeting pods are used in fighter aircraft for surveillance, reconnaissance, ground attack, and air-to-air operations and are thus essential and critically important components for any fighter aircraft. With the market for surveillance and reconnaissance increasing, the demand for targeting pods is also expected to increase. These factors are expected to drive the market for targeting pods during the forecast period.

Based on component, the FLIR sensor segment is estimated to lead the targeting pods market during the forecast period

FLIR sensors in targeting pods are critically important components used for surveillance, reconnaissance, ground attack, and air-to-air operations in low light conditions. The thermal imaging capability of a FLIR sensor helps in capturing videos as well as the laser-based tracking & targeting of targets at night. With the market for surveillance and reconnaissance increasing and the need for night tracking and target designation capability growing, the demand for FLIR sensors is expected to increase in the coming years.

Europe is estimated to be the largest market for targeting pods during the forecast period

The European region is estimated to account for the largest share of the targeting pods market during the forecast period. Procurement of new aircraft and upgradation of existing fighter aircraft are expected to drive the targeting pods market in the coming years.